Core Viewpoint - The company, Zhaogang Group, anticipates a significant turnaround in its financial performance for the six months ending June 30, 2025, projecting a net profit attributable to shareholders between approximately RMB 140 million and RMB 180 million, compared to a net loss of approximately RMB 76 million for the same period in 2024 [1][4]. Financial Performance - The adjusted net loss (non-IFRS measurement) is expected to range from approximately RMB 87 million to RMB 127 million for the six months ending June 30, 2025, compared to an adjusted net loss of approximately RMB 64 million for the same period in 2024 [4]. - The company attributes the shift from loss to profit primarily to a non-cash gain of approximately RMB 769 million resulting from the fair value changes of financial liabilities, which was a significant improvement from a non-cash loss of approximately RMB 4 million in the same period last year [2]. Business Operations - Zhaogang Group is an investment holding company that, along with its subsidiaries, provides integrated services across the entire value chain of steel trading, including online steel commerce, logistics, warehousing, and processing services [3]. - The company has been focusing on expanding its overseas strategic initiatives, which have led to a substantial increase in gross profit from overseas trading operations [2]. Future Reporting - The financial performance details for the six months ending June 30, 2025, will be disclosed in the interim results announcement and interim report, which are expected to be published around the end of August and September 2025, respectively [3].